Markets
Stocks, bonds, currencies and commodities, plus the macro flows moving global markets day to day.
Pound heads for best month since April as budget nerves fade
Sterling is set for its best month since April, even as the UK moves its budget to October 28. The muted reaction reflects global currency s
Rand slips despite bigger trade surplus as global risk weighs
South Africa's rand slipped about 0.6% against the dollar even though June's trade surplus came in far above expectations. Global risk senti
Commodity giants pull back from Radiant World over document concerns
Major commodity traders are distancing themselves from Radiant World after concerns that documents tied to its iron ore deals may be invalid
Private credit fundraising stays strong even as defaults hit record
Big private-credit managers like Ares and Blue Owl are still pulling in billions, but Fitch reports the US private-credit default rate hit a
Bond market sends mixed signal as Fed holds rates steady
The Fed kept rates unchanged, but three officials wanted a hike. Meanwhile, short-term yields fell while 30-year yields hit a 19-year high,
Copper's July Gain Hits a Supply Squeeze as LME Stocks Halve
Copper prices rose about 3% in July even as China's factories cooled, thanks to a sharp drop in LME warehouse stocks. The squeeze flipped ne
Why the Canadian dollar's bounce may not last
The Canadian dollar has bounced from about C$1.42 to C$1.40 per US$, but Rosenberg Research warns the rally may not stick. Soft labor signal
Amazon and Microsoft earnings revive investor appetite for AI stocks
Global stocks rose after Amazon and Microsoft results revived interest in AI-linked shares. The yen remained volatile after suspected Japane
India's FX reserves hit $682.3B as RBI deposit drive brings in dollars
India's forex reserves climbed $6.1 billion to $682.3 billion as of July 24, helped by a central bank deposit drive that pulled in about $40
ASX 200 ends July up 2.3% as investors turn to earnings season
The S&P/ASX 200 rose 0.1% on Friday, capping a 2.3% monthly gain. With inflation cooling and the RBA less hawkish, attention shifts to Augus
Dollar firms as traders await key US data and Fed GDP nowcast
The dollar firmed early Friday as traders positioned ahead of a packed US data lineup, including the Employment Cost Index and a St. Louis F
Canada's stock futures rise on earnings, GDP and Couche-Tard deal in focus
Canadian stock futures ticked up Friday as strong earnings, including from Magna and TMX Group, offset caution ahead of May GDP data. Invest